Affirm (AFRM) Set to Announce Quarterly Earnings on Thursday

Affirm (NASDAQ:AFRM) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Affirm to post earnings of ($0.36) per share for the quarter. Affirm has set its Q1 2025 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The business had revenue of $659.19 million during the quarter, compared to the consensus estimate of $599.50 million. On average, analysts expect Affirm to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Affirm Stock Performance

AFRM opened at $45.24 on Thursday. The firm’s 50-day moving average price is $41.41 and its 200-day moving average price is $34.15. The company has a market cap of $14.07 billion, a P/E ratio of -26.93 and a beta of 3.50. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm has a 52-week low of $16.85 and a 52-week high of $52.48.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Affirm from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $52.00 in a research note on Friday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Mizuho reiterated an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Finally, Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Affirm presently has an average rating of “Hold” and a consensus price target of $43.08.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares in the company, valued at $4,117,455. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now owns 141,903 shares in the company, valued at $5,678,958.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock valued at $4,554,288 in the last ninety days. 13.05% of the stock is currently owned by corporate insiders.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.